Interpreting Foreign Translation Disclosure Procter & Gamble Company reports the

Question

Interpreting Foreign Translation Disclosure
Procter & Gamble Company reports the following table in its 10-K report relating to the change in sales from 2015 to 2016.

A. By what percentage did net sales increase (or decrease)?

B.   Foreign exchange rates caused sales to decrease by what percentage?

Net Sales Change Drivers 2016 vs. 2015 Foreign Exchange Net Sales Growth Volume Price Mix Beauty (2)96 296 - (5)96 596 (2)96 (2)6 26 1% (2)% (2)% (2)96 1% (5)96 rooming Health care Fabric & home care Baby, feminine & family care Total company (2)% (4)96 (2)% (3)96 (5)96 (4)96 (3)% (3)%

Explanation / Answer

Total net sales decreased by 4%

(Total Company Net Sales growth figure)

Foreign exchange rates caused sales to decrease by 2%

(Total company foreign exchange figure)

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